Egypt is to carry out a long-planned smart card system for fuel at gas stations starting on …
fuel subsidies
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Egypt will push ahead with plans to phase out a costly energy subsidy, the country’s finance minister …
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Fitch Ratings has upgraded the Long-term Issuer Default Ratings (IDR) of the National Bank of Egypt, largest …
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Industry & Trade
Egypt Spent $3bn on Fuel Subsidies in the First Quarter: Official
by Yomna Yasserby Yomna YasserEgypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal …
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Egypt’s bourse trimmed early losses to end Sunday’s sessions lower with losses totalling 1.3 billion Egyptian pounds …
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Egypt’s stocks ended Tuesday’s session higher with gains totalling 3.6 billion Egyptian pounds bolstered by non-Arab foreign …
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Financial Institutions
Op-Ed: Egypt’s al-Sisi Carries out Demands of IMF on Subsidies
by Yomna Yasserby Yomna YasserMore than a week after President Abdel Fattah al-Sisi slashed fuel subsidies by up to 80 per …
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Egypt News
Egypt’s Deficit Hits 7.1% of GDP in First 9 Months of Current Fiscal Year
by Yomna Yasserby Yomna YasserEgypt’s budget deficit reached 7.1 percent of its gross domestic product (GDP) in the first nine months …
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Egypt will need further international assistance to put its economy back on track despite receiving huge loans …
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Egypt News
Egypt’s Budget Deficit Hits $10.8 bln in Jul-Oct 2013; Report
by Yomna Yasserby Yomna YasserEgypt’s budget deficit registered EGP 74.5 billion ($10.8 billion) in the first four months of the current …